Products Liability
Preferred Advantage, formerly Mercator Select, is well positioned to assist retail agents and brokers in capitalizing on these opportunities. We concentrate on placing the small to medium-sized hard to place product liability accounts and loss exposures that standard insurers are unwilling or unable to consider due to the unique characteristics of the insured.
Our Capabilities
- Small to medium-sized accounts
- Hard to place accounts
- New products
- Companies that have had claims
- Companies going through a change, such as a sale
- Companies experiencing rapid growth
We can customize coverage for a particular insured’s needs.
Examples include:
- Straight products only
- Full general liability including products
- Product Liability with vendor and/or product recall coverage
Example classes
Products liability exposure varies by the type of product, how it is used, and the size of the company manufacturing it. Certain types of products are obviously higher hazard because of their unique nature, such as medical products. Product liability classes include:
- Amusement Devices
- Automobile Parts
- Bicycles
- Bio-Medical
- Chemical
- Contractors Equipment
- Cosmetics
- Diagnostic Equipment
- Equipment & Machinery
- Furniture
- Health Foods
- Industrial Machines
- Marine Products
- Medical Equipment
- Medical Products
- Metal Goods
- Mobile Homes
- Motorcycles & ATV
- Personal Protective Equipment
- Pharmaceuticals
- Plastics
- Sporting Equipment
- Toy Manufacturers
- Boat Builders
- Sporting Goods Manufacturers
- Industrial Machinery Manufacturers
- Furniture Manufacturers
- General Contractors (Commercial Construction)
- Trailer Manufacturers
- Machine Shops
What We Need
- Acord application
- Supplemental applications in certain situations
- Description of the account, including website address
- Description of any risk management, including any unusual steps the account has taken to reduce losses
- Recently valued company lost runs (typically five years)
